Cathie Wood’s ARK buys Coinbase, sells Roku in Tuesday trades

Published 26-02-2025, 06:38 am
Cathie Wood’s ARK buys Coinbase, sells Roku in Tuesday trades

Cathie Wood’s ARK ETF published their daily trades for Tuesday, February 25th, 2025, revealing a mix of strategic buy and sell moves in the tech and biotech sectors. Topping the list with the highest dollar-value trade, ARK invested heavily in Coinbase Global Inc (NASDAQ:COIN), purchasing 41,032 shares valued at approximately $9.3 million through its ARKW ETF.

On the sell side, ARK divested a significant number of shares in Roku Inc (NASDAQ:ROKU), offloading 107,159 shares through its ARKK ETF, amounting to nearly $9.8 million. This move follows a trend of reducing exposure to the streaming device company, suggesting a strategic shift in ARK’s portfolio composition.

Another major transaction involved Tempus AI Inc (NYSE:TEM), with ARK buying a total of 445,958 shares across its ARKK and ARKG ETFs, which amounted to over $31 million, marking the largest aggregate purchase for the day.

In the biotech space, ARK continued to adjust its holdings, selling 850,919 shares of Accolade Inc (NASDAQ:ACCD) for roughly $5.9 million through its ARKG ETF and 120,149 shares of DraftKings Inc (NASDAQ:DKNG) across its ARKK and ARKF ETFs, totaling approximately $5.3 million. Additionally, ARK sold 430,483 shares of SoFi Technologies Inc (NASDAQ:SOFI) through its ARKK ETF, valued at about $6.2 million.

Conversely, ARK showed increased interest in ABSCI Corp (NASDAQ:ABSI), buying 97,505 shares worth around $436,334, and in Recursion Pharmaceuticals Inc (NASDAQ:RXRX), acquiring 103,430 shares with a total dollar value of $930,870, both through its ARKG ETF.

The ARKK ETF also added 39,418 shares of Iridium Communications Inc (NASDAQ:IRDM) valued at approximately $1.2 million, continuing a buying trend from the previous day when ARK purchased 108,803 shares of the same company.

Smaller trades included the purchase of 20,174 shares of Kaspi.kz AO (LSE:KSPI) through its ARKF ETF, although the dollar value was not disclosed.

These transactions reflect ARK’s ongoing strategy to capitalize on emerging technologies and reposition its portfolio in response to market dynamics. Investors and market watchers will be keen to see how these trades align with ARK’s long-term vision and performance objectives.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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